Wealthsimple just launched no-fee spending account with 2.4% interest; next step, credit

Wealthsimple Inc CEO Mike Katchen talks to the Financial Post’s Larysa Harapyn about how his company wants to become Canadians’ primary financial relationship including, investing, spending and saving, credit and insurance. Read More from Personal Finance – Financial Post https://business.financialpost.com/personal-finance/wealthsimple-just-launched-chequing-account-with-2-4-interest-next-step-credit via IFTTT

This couple’s dream of a lavish retirement looks hopeless, but they can still make ends meet

Situation: Couple wants to spend more in retirement than present resources can support Read More from Personal Finance – Financial Post https://business.financialpost.com/personal-finance/family-finance/this-couples-dream-of-a-lavish-retirement-looks-hopeless-but-they-can-still-make-ends-meet via IFTTT

The CRA just redesigned the T1 Personal Income Tax return form and there are some major changes

Tuesday marked an auspicious day for tax professionals as it was the release date of the highly anticipated and totally redesigned T1 Personal Income Tax return that we’ll be using to file our taxes for the 2019 tax year. Read More from Personal Finance – Financial Post https://business.financialpost.com/personal-finance/taxes/the-cra-just-redesigned-the-t1-personal-income-tax-return-form-and-there-are-some-major-changes via IFTTT

George Soros commits $1 billion to start global university to fight climate change

Billionaire George Soros said he was committing US$1 billion to start a global university to fight climate change and nationalist governments. Read More from Personal Finance – Financial Post https://business.financialpost.com/personal-finance/high-net-worth/george-soros-commits-1-billion-to-start-global-university-to-fight-climate-change via IFTTT

These unfair tax policies are putting a burden on women and seniors and need to be changed now

Here’s a scenario I’ve seen several times in my career as a wealth manager. A retired couple that receives two full CPP payments and two full Old Age Security (OAS) payments is able to fully split their income for tax purposes. Then one spouse dies. The survivor only receives one CPP payment, no OAS, andContinue reading “These unfair tax policies are putting a burden on women and seniors and need to be changed now”

Talk about Blue Monday: Canadians haven’t been this pessimistic about debt in two years as ’hopelessness’ builds

Canadians are increasingly pessimistic about household debt, with one in five saying it is worse than it was five years ago and fewer confident it will improve in the year ahead, according to a new poll. Read More from Personal Finance – Financial Post https://business.financialpost.com/personal-finance/debt/talk-about-blue-monday-canadians-havent-been-this-pessimistic-about-debt-in-two-years-as-hopelessness-builds via IFTTT

This couple is grappling with a late-career layoff, but their retirement is more secure than they think

Situation: Unexpected layoff from engineering job cast’s shadow over couple’s retirement plan Read More from Personal Finance – Financial Post https://business.financialpost.com/personal-finance/family-finance/this-couple-is-grappling-with-a-late-career-layoff-but-their-retirement-is-more-secure-than-they-think via IFTTT

If Harry and Meghan become residents of Canada, they’ll have to deal with CRA’s dreaded form T1135

While it appears that Prince Harry and Meghan Markle will be coming to Canada for “a period of transition,” it’s unclear yet as to whether they will continue to divide their time between England and Canada or take up residency here. If they ultimately are considered residents of Canada for tax purposes, not only willContinue reading “If Harry and Meghan become residents of Canada, they’ll have to deal with CRA’s dreaded form T1135”

Where is your money going? Try the 30-day anti-budget to rein in your spending

Personal finance educator Kelley Keehn talks to the Financial Post’s Larysa Harapyn on how paying attention to your money can save hundreds, maybe even thousands a year. Read More from Personal Finance – Financial Post https://business.financialpost.com/personal-finance/where-is-your-money-going-try-the-30-day-anti-budget-to-rein-in-your-spending via IFTTT

Reverse mortgage business is booming in Canada as seniors tap home equity to pay debts

Canada’s largest reverse mortgage lender posted record originations last year, with factors such as disappearing workplace pensions and stringent stress tests for borrowing pushing seniors to tap home equity in order to pay debts and fund their retirement. Read More from Personal Finance – Financial Post https://business.financialpost.com/real-estate/mortgages/reverse-mortgage-business-is-booming-in-canada-as-seniors-tap-home-equity-to-pay-debts via IFTTT

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